Vehicles & Assets Policy
Asset age, purchase source, condition and type can all affect lender selection. From everyday vehicles to older equipment and specialist assets, understanding the asset can be just as important as understanding the applicant.
This page provides general guidance only. Asset eligibility, age limits, valuation requirements and acceptable security criteria differ between lenders and may change without notice. Run the scenario with Yes Approved for a current assessment.
The asset doesn't always need to be straightforward.
Different lenders have different appetites for asset age, purchase source, condition and security type.
Older Assets
Older vehicles and equipment may still be financeable through lenders with broader asset-age policies.
Explore older assets →Private Sales
Selected lenders can finance eligible private-sale vehicles and assets subject to additional verification.
Explore private sales →Repairable Write-Offs
Selected lender pathways may exist for eligible previously written-off vehicles, subject to current policy.
Explore write-offs →Business Equipment
Equipment lending can cover a broad range of machinery and productive business assets.
Explore equipment →Specialist Assets
Assets outside mainstream vehicle categories may require a specialist lender or different security approach.
Explore specialist assets →Asset Valuation
Purchase price and lender-accepted asset value aren't always the same, which can affect the transaction structure.
Explore valuations →What types of assets can be considered?
Available finance pathways depend on the applicant, transaction and lender, but asset finance can extend well beyond cars.
Vehicles & leisure assets
Depending on lender appetite, assets may include:
- Cars
- Utes and vans
- Motorcycles
- Caravans
- Boats
- Jet skis
- Trucks and trailers
Commercial equipment
Commercial asset categories can include:
- Excavators
- Earthmoving equipment
- Forklifts
- Agricultural equipment
- Construction machinery
- Business equipment
- Other eligible productive assets
What can lenders consider?
Lender selection can depend on both the asset itself and how the transaction is structured.
The asset
- Asset type
- Current age
- Age at the end of the loan term
- Condition
- Market value
- Security suitability
The transaction
- Dealer or private sale
- Purchase price
- Loan amount
- Deposit or trade-in
- Loan-to-value position
- Consumer or business use
Asset scenarios at a glance
Use this as a starting point before deciding whether an unusual vehicle or asset is suitable for finance.
Don't automatically rule out an asset because it's older, privately sold, specialised or outside standard bank policy. Broader lender access can create options that aren't obvious from a mainstream lending approach.
Let us check where it fits.
Tell us what your client is buying and we'll review the applicant, asset and transaction against available lender options and current policy.
Important information
Information contained in the Yes Approved Partner Policy Centre is general information only and is intended to assist referral partners in understanding common lending considerations and potential finance pathways.
It does not represent a complete statement of any lender's credit or asset policy and should not be relied upon as confirmation that a particular applicant, vehicle, asset, transaction or loan structure will qualify for finance.
Lender policies, acceptable asset criteria, maximum asset ages, valuation requirements, credit criteria, rates, fees, product availability and assessment processes are subject to change without notice.
Requirements can vary according to the applicant, asset type, asset age and condition, purchase source, loan purpose, transaction structure and other factors.
All finance applications remain subject to lender eligibility requirements, credit assessment, verification, applicable responsible lending requirements and final lender approval.
Yes Approved does not guarantee that an asset will be acceptable security or that finance will be available based on information contained within the Partner Policy Centre.
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